FPO - NABKISAN Finance Limited

Type of Loans

01

Working Capital Loan

02

Term Loan

03

Pledge Loan

Purpose

Working capital loan- To procurement and sale of agricultural inputs and procurement of produce for collective marketing, value addition and processing
Term loan- Setting up of common infrastructure for agri & processing activities.
Pledge loan- against Electronic Warehouse receipt (eNWR)
Any other business activity which is helping the PO and its members to generate income

Eligibility

The PO should have been incorporated at least for six months prior to submission of loan application
At least one audited balance sheet as on the date of application
A minimum subscribed share capital of Rs.2 lakh
Not have been in default to any organization including other banks/FIs
Comply with legal requirements such as necessary licenses, TIN/ GST number etc.
A regular CEO in place
A well laid out business plan at least for the next one year
The PO should fall into the A+, A, B, B+, C+ Category of POs based on NABKISAN rating tool

Security

Collateral free loans with coverage under various CG schemes

Rate of interest & Processing Fee

Rate of interest & Processing fee is linked to the ALCO rate of Borrowing of NABKISAN and as per the rate of interest policy of NABKISAN applicable from time to time.

Repayment period

Maximum Repayment period is 7 years for term loans including moratorium period, if any

Up to 18 months for working capital loans including moratorium period, if any

Farmer Producer Organizations